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Meridian Corp has a consensus price target of $15.4 based on the ratings of 5 analysts. The high is $17 issued by DA Davidson on October 29, 2024. The low is $13 issued by Keefe, Bruyette & Woods on May 4, 2023. The 3 most-recent analyst ratings were released by DA Davidson, Piper Sandler, and Piper Sandler on October 29, 2024, October 29, 2024, and July 30, 2024, respectively. With an average price target of $15 between DA Davidson, Piper Sandler, and Piper Sandler, there's an implied 15.83% upside for Meridian Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Meridian (NASDAQ:MRBK) was reported by DA Davidson on October 29, 2024. The analyst firm set a price target for $17.00 expecting MRBK to rise to within 12 months (a possible 31.27% upside). 4 analyst firms have reported ratings in the last year.
The latest analyst rating for Meridian (NASDAQ:MRBK) was provided by DA Davidson, and Meridian maintained their buy rating.
There is no last upgrade for Meridian
The last downgrade for Meridian Corp happened on January 29, 2024 when Piper Sandler changed their price target from $14 to $13 for Meridian Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Meridian, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Meridian was filed on October 29, 2024 so you should expect the next rating to be made available sometime around October 29, 2025.
While ratings are subjective and will change, the latest Meridian (MRBK) rating was a maintained with a price target of $15.00 to $17.00. The current price Meridian (MRBK) is trading at is $12.95, which is out of the analyst’s predicted range.
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